DSE posts turnover of US$ 105,909
Dar es Salaam Stock Exchange(DSE) recorded a total turnover of TZS 246.29 Million ($105,909) from 520,593 shares traded in 80 deals when trading ended at the bourse this Tuesday. In [...]
MasterCard Awards Two Kenyan Women
MasterCard Women SME Leaders Awards 2022 has named two Kenyans for their achievements. Carole Kinoti, a social fashion entrepreneur, was named The Retailer, alongside Sheila Mallowah the Principal Consultant and [...]Ecobank Resumes Foreign Exchange Trading
Ecobank has resumed trading as an authorized foreign exchange dealer following the lifting of the suspension imposed by CBK on the bank. Last month, the CBK issued a statement against [...]
Airtel Subscribers to Start Paying for Goods and Services Through Lipa na M-Pesa
Airtel subscribers will start paying for goods and services through Safaricom’s Lipa na M-Pesa, enabling seamless money transfer through merchants attached to different operators. Safaricom is set to launch interoperability -the [...]Safarilink Announces Plans to Resume Flights to Kitale
Domestic carrier Safarilink has announced plans to resume flights to Kitale with effect from 21st April 2022. The carrier will deploy a Dash 8-100 type of aircraft on the route [...]
Jambojet Increases Flight Frequencies to Key Destinations as Prices Hike
Jambojet has increased flight frequencies to its key destinations, including Mombasa, Malindi, Eldoret, Kisumu, and Ukunda routes. This follows increased demand ahead of the Easter holiday. Here is a breakdown [...]Resolution Insurance Placed Under Statutory Management
The Commissioner of Insurance has placed Resolution Insurance Company Limited under Statutory Management, and appointed the Policyholders Compensation Fund (PCF) as the Statutory Manager for a period of 12 months, [...]NSE Daily Equity Turnover rises to KSh 241M
Nairobi Securities Exchange(NSE) posted a daily equity turnover of KSh 241 Million from Monday’s KSh 181 Million, an increase of 33.1%. The number of shares traded stood at 7.4 Million [...]AGF signs KSh 1 B deal with Stanbic Kenya
African Guarantee Fund(AGF) has signed a KSh 1 Billion partnership agreement with Stanbic Kenya that will enable the bank to lend to higher-risk SME's without traditional collateral. The AGF contributes [...]Tanga Cement posts a net profit of $ 1.5 M in 2021
Tanga Cement Group Plc, manufacturer of the popular Simba Cement brand, recorded a net profit of $ 1.5 Million (TZS 3.5 billion) in 2021 compared to net loss of TZS [...]Kenya Inks Deal with Netherlands to Transport Horticulture through SGR
Kenya and the Netherlands on Monday signed an agreement to facilitate export of horticulture through the Standard Gauge Railway (SGR). Transport CS James Macharia told journalists in Nairobi that the [...]Churpy raises $ 1 Million in Seed Funding
Churpy, a Kenyan fintech startup, eyes hubs in South Africa, Nigeria and Egypt, driven by the US$ 1 Million in seed funding that it has raised. The startup seeks to [...]
